Bloomberg Politics: news on page 689

We’re Cutting Our Calculation of Wilbur Ross’s Net Worth to $860 Million

We’re Cutting Our Calculation of Wilbur Ross’s Net Worth to $860 Million

The Bloomberg Billionaires Index lowered its net worth calculation for U.S. Commerce Secretary Wilbur Ross to $860 million after determining that figures he provided couldn’t be independently
Alabama Senate Race: Shelby Says He’ll Write In Someone Besides Moore

Alabama Senate Race: Shelby Says He’ll Write In Someone Besides Moore

Alabama Senator Richard Shelby says he will write in the name of a Republican who is not Roy Moore in next month's special election.
Senate Tax Plan Guts Obamacare

Senate Tax Plan Guts Obamacare

House leaders cleared the way for a Thursday vote on their tax-overhaul bill as Senate tax writers released a draft that would make many individual breaks temporary and repeal a key part of the
Steven Mnuchin Gets His Name on the Dollar Bill

Steven Mnuchin Gets His Name on the Dollar Bill

In just a few years, Steven Mnuchin has gone from Hollywood movie financier and regional banker to the signatory of the almighty buck.
City National Bank CEO Says GOP Tax Plan Is Unfair

City National Bank CEO Says GOP Tax Plan Is Unfair

Russell Goldsmith, City National Bank chairman and chief executive officer, explains why he thinks the GOP's tax overhaul plan is unfair. He speaks with Bloomberg's David Westin and Shery Ahn on
Hawkish Merkel Ally Meets May, Strikes a Positive Brexit Note

Hawkish Merkel Ally Meets May, Strikes a Positive Brexit Note

After meeting with the British leader in London on Wednesday, Manfred Webersaid that “he saw today that there is a willingness to go further, there is a willingness to contribute to a positive
Russia, U.S. at Odds Before Vote on Syria Chemical Weapons Team

Russia, U.S. at Odds Before Vote on Syria Chemical Weapons Team

Russia and the U.S. have failed to resolve a dispute over extending the mandate of a UN-backed investigative team that blamed Syrian President Bashar al-Assad’s forces for a chemical weapons attack in
Puerto Rico Hit by New Blackout Just as Governor Touts Recovery

Puerto Rico Hit by New Blackout Just as Governor Touts Recovery

A new power outage hit Puerto Rico on Wednesday, immobilizing parts of the San Juan area just hours after the governor heralded a major accomplishment on the path to recovery.
Arctic Refuge Drilling Moves Closer to Reality With Senate Vote

Arctic Refuge Drilling Moves Closer to Reality With Senate Vote

Oil drilling in the Arctic National Wildlife Refuge took a significant step forward Wednesday, as the Senate energy committee approved legislation to compel lease sales in the 1.5-million-acre coastal
U.K. Orders Urgent Brexit Traffic Plans as Border Tailbacks Loom

U.K. Orders Urgent Brexit Traffic Plans as Border Tailbacks Loom

The U.K. ordered its highways agency to brace for huge truck backlogs on day one of Brexit as customs changes threaten disruption in the county that sees a huge proportion of freight traffic to and
Modi Remained Popular Even After His Cash Ban, Poll Says

Modi Remained Popular Even After His Cash Ban, Poll Says

India’s prime minister remained popular in Asia’s third-largest economy even after his decision to ban high value bank notes, according to a new poll that gauged public sentiment earlier this year,
Cordray to Resign From CFPB, Allowing Trump to Remake Watchdog

Cordray to Resign From CFPB, Allowing Trump to Remake Watchdog

Richard Cordray will step down as the head of a controversial consumer watchdog at the end of the month amid growing speculation that he will run for governor of Ohio as a Democrat.
Fox News Employees to Meet U.K. Lawmakers to Protest Sky Deal

Fox News Employees to Meet U.K. Lawmakers to Protest Sky Deal

Fox News insiders are set to meet U.K. lawmakers next week to protest 21st Century Fox Inc.’s takeover of pay-TV broadcaster Sky Plc.
Nomura's Guide to Hedging Against Risk of a Corbyn Government

Nomura's Guide to Hedging Against Risk of a Corbyn Government

How do you solve a problem like Jeremy Corbyn? The time has come for investors to hedge against the risk of a Labour government under the leadership of a socialist firebrand.
Obamacare Signups Are Up 47% From Last Year So Far

Obamacare Signups Are Up 47% From Last Year So Far

Americans signed up for Obamacare at a brisk pace for a second straight week, an early sign that Republican efforts to repeal or undermine the law earlier this year may have backfired.
Trump Asks Whether UCLA Players Will Thank Him for Their Release

Trump Asks Whether UCLA Players Will Thank Him for Their Release

President Donald Trump is asking whether three UCLA basketball players released from detention in China will thank him.
Koch-Funded Group Prods Trump’s EPA to Say Climate Change Not a Risk

Koch-Funded Group Prods Trump’s EPA to Say Climate Change Not a Risk

A lobbying group funded by Koch Industries Inc. and coal giant Peabody Energy Corp. is moving to prod the Environmental Protection Agency to rescind its earlier determination that climate change is a
Sen. Capito on Obamacare Mandate, Tax Reform

Sen. Capito on Obamacare Mandate, Tax Reform

Sen. Shelley Moore Capito, a member of the Senate Appropriations Committee and a Republican from West Virginia, discusses details of the Senate tax plan including the removal of the health care
House Democrats Introduce Articles of Impeachment Against Trump

House Democrats Introduce Articles of Impeachment Against Trump

The articles accuse the president of obstruction of justice, undermining the independence of the federal judiciary and other offenses.
Angola’s President Fires Dos Santos’ Daughter as Sonangol Boss

Angola’s President Fires Dos Santos’ Daughter as Sonangol Boss

Angolan President Joao Lourenco dismissed Isabel dos Santos as chair of state-owned oil company Sonangol as he takes aim at the family of former President Jose Eduardo dos Santos.
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